With all the exciting happenings in the market, it’s easy to forgetĀ about all the notable earnings and events. These include the likes of Tesla, IBM, Netflix and more. In this week’s events roundup, we’ll be going over some of those noteworthy events that are happening this week.
MON:Ā
- Notable Earnings: Bank of America, Bank of New York Mellon and moreā¦
TUE:
- Notable Earnings: Netflix, Johnson & Johnson, Lockheed Martin and moreā¦
- China GDP Growth Rate (Q3 2022)
- Eurozone ZEW Economic Sentiment Index (Oct)
WED:
- Notable Earnings: Tesla, Procter & Gamble, IBM, Nasdaq and moreā¦
- UK Inflation Rate (Sep), Fed Beige Book Release
THU:
- Notable Earnings: AT&T, Barclays, Nokia, Blackstone, Snap and moreā¦
- Existing Home Sales (Sep), Philadelphia Fed Manufacturing Index (Oct)
FRI:
- Notable Earnings: Verizon, American Express, Goldman Sachs and moreā¦
- Eurozone Consumer Confidence – Flash Estimate (Oct)
1st Event: Key Earning Reports this week:Ā
2nd Event: China Growth Rate – Tuesday
Stringent COVID-19 restrictions and disruptions brought on by the Ukraine crisis have slowed down the global economy growth. As a result, the Chinese government is not optimistic about the growth rates for 2022. The Q3 2022 growth is also expected to be less than the 4.0% forecasted by analysts in July.
The Chinese government is scheduled to announce the third quarter’s GDP on 17th October.
3rd Event: UK CPI – Wednesday
The UK is currently undergoing an inflation rate and hit a 40-year high in July 2022. It has risen by 9.9% in the past 12 months till August 2022. Even though the average UK salary has increased by 4.7%, the cost of living is surpassing wage growth and putting pressure on households. As a result, many UK households are going through a time of great financial difficulty. Furthermore, this is made worse by a lack of effective political action.
Hence, it waits to be seen if September CPI data will worsen or improve from the earlier months.
4th Event: Existing Home Sales Report – Thursday
As of March 29, 2022, the real house price index has increased by more than 115%. The housing market in the United States grew by 11.2% in January 2022 compared to the same month last year. It is unusual for there to be a double-digit increase. Home prices currently are higher than they were in 2006. And the beginning of a housing bubble could already be underway.
The existing home sales report provides precise and timely information on the health of the housing market in the USA. The monthly changes in home sales and price provides a glimpse of the trends and challenges.
5th Event: Eurozone Consumer Confidence – Friday
This indicator provides an indication of Euro sentiment towards the general economic situation, unemployment and capability of savings. In September, the indicator dropped by 3.8 points to -28.8, the lowest reading since inception in 1985. Hence, this clearly indicates that Europeans feel pessimistic about Europe’s economic outlook in the near future.
It’s been another exciting week in the market, with plenty of notable earnings and reports to keep us busy. Tesla, and Netflix all reported this week, and there were plenty of other noteworthy events happening as well. Keep an eye on this space next week for more exciting earnings announcements and market news!
If you are keen, check out our articles on other analysis:Ā This is what FIRE meant to me, What is the Fear & Greed Index and 5 Key Events in the market this week (10th Oct – 14th Oct).
Disclaimer: The information provided by LearnToInvest serves as an educational piece and is not intended to be personalised investment advice. āReaders should always do their own due diligence and consider their financial goals before investing in any stock.